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France embraces Bitcoin mining, signaling bullish momentum for BTC. France is pioneering a novel approach to grid management by proposing to deploy Bitcoin mining operations as a buffer for surplus electricity. Introduced this week in the National Assembly, the bill would redirect excess output from both nuclear and renewable facilities into high-efficiency mining rigs. Lawmakers argue that tapping into Bitcoin’s proof-of-work demands will absorb fluctuations in power generation, enhancing overall stability and reducing waste.
🇫🇷 JUST IN: France considers Bitcoin mining to repurpose €80M in wasted energy, stabilize its grid, and boost innovation using nuclear power surplus. pic.twitter.com/LvbgkLA5Yh
— Cointelegraph (@Cointelegraph) June 16, 2025
Energy experts suggest that this policy could unlock a new revenue stream for grid operators, turning idle capacity into profit. The move signals rising institutional confidence in Bitcoin’s infrastructure role and may spur increased global adoption. As governments seek adaptable, market-driven solutions to energy volatility, France’s initiative portrays BTC not only as digital gold but also as a strategic asset for modern utilities. This pioneering pact between state power and blockchain technology bolsters the narrative that Bitcoin’s real-world applications are expanding, potentially fuelling a bullish outlook for the cryptocurrency.
Key Bitcoin Levels To Watch – June 16
BTCUSD bounced off the order block around $100,700, confirming a bullish reaction. The price is currently trading below the 9-day SMA (Simple Moving Average) near $106,980 but may reclaim it soon as momentum shifts.
Stochastic is near the oversold region, suggesting bullish momentum could return. If price holds above $100,700, a rally toward $108,390 and potentially $115,000 is likely.
BTCUSD Key Levels
Resistance Levels: $108,000, $115,000, $125,000
Support Levels: $100,700, $96,000, $85,000
Bitcoin METRICS
Total Market Capitalisation: $3.23T
Bitcoin Market Capitalisation: $2.06T
Bitcoin Volume: $55.71B
Market Rank: #1
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